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5837 Willoughby Avenue
Los Angeles, CA 90038
Sold
5837 Willoughby Avenue
Los Angeles, CA 90038
Sold
We are pleased to present for a sale a prime LAR3 development opportunity in Hollywood! Located just steps away Paramount Studios, this FLAT ~6,500 sqft lot offers a developer the opportunity to build 8 units by right or up to 15 units using TOC Incentives. Perfect for double duplex/townhome style units as well! Attractive seller financing terms available, call for more details! Also an excellent opportunity to build an ED 1, fully affordable housing project! Lot dimensions are 50 sqft by 130 sqft, zoned R3-1XL, TOC Tier 2, and comes with an alley! Subject property is currently a duplex that will be delivered VACANT!! Property has been owner occupied for the last 5+ years, meaning no dealing with tenant relocation or new onerous SB 8 regulations! The site is located within an Opportunity Zone, which may provide additional tax incentives (buyer to verify). Do not miss this opportunity to purchase a RARE development site near all the shopping, restaurants, transportation, and amenities that Hollywood has to offer its tenants!! Excellent location close to Paramount Studios, West Hollywood, Larchmont Village & Hancock Park. Buyer to verify all zoning regulations with LADBS. Property to be sold As-Is. Contact listing agent for more details!
PROPERTY INFORMATION
| MLS # | 23326509 | Lot Size | 6,500 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Single Family Residence |
| Price | $ 1,395,000
Price Per SqFt: $ 830 |
DOM | 551 Days |
| Address | 5837 Willoughby Avenue | Type | Residential |
| City | Los Angeles | Sq.Ft. | 1,681 Sq. Ft. |
| Postal Code | 90038 | Garage | N/A |
| County | Los Angeles | Year Built | 1921 |
| Bed / Bath | 4 / 2 | Parking | N/A |
| Built In | 1921 | Status | Closed |
| Sold Date | 2024-06-06 |
INTERIOR FEATURES
| Has Appliances | Yes |
| Has Spa | No |
| SpaDescription | None |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
Walk Score: 88 (Very Walkable)
Transit Score: 59 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,488
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/30/2023 | Listed | $1,395,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Daniel Shamooelian, Keller Williams Beverly Hills. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
